Cytonn REAL ESTATE
CytonnR E A L E S T A T E
Table of Contents
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I. Karen Overview
II. Project Overview
I: Karen Overview
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Karen Overview
Karen offers the tranquility of country living while enjoying easy accessibility to the city centre
• Karen is an affluent, secure and attractive suburb in Nairobi, Kenya, situated Southwest of the city centre, about 20km
from the Nairobi CBD – a 30 minute drive to the CBD during off peak hours
• Karen, in comparison to other high-end residential areas in Nairobi, has seen the greatest increase in land prices, fivefold,
over the last 7 years
• Karen offers a blend of colonial bungalows and villas on stunning, expansive grounds, and has ensured its continuing
sense of country life around modern, urban centres and facilities
• It hosts a diverse population, both local and global individuals, with a large number of expatriate residents
• Various infrastructural developments and facilities in Karen have enhanced its ambience:
• A Good Transport Network: Karen sits between Ngong Road and Langata Road hence residents can use either
road to access it from the city. With the development of the Southern Bypass and the upgrade of Lang’ata Road,
accessibility to the area has been eased
• Recreational Facilities : The Jockey Club, on the edge of Ngong Forest, houses the seasonal horse racing
events. The Karen Country Club offers a world class 18-hole golf course on exquisite grounds. Karen is also home
to the Karen Blixen Museum and the Bomas of Kenya – a cultural centre displaying Kenya’s diversity. Children can
also visit The Giraffe Centre and interact with the wildlife
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Karen Overview contd…
Karen offers the tranquility of country living while enjoying easy accessibility to the city centre
• International Shopping Centres & Amenities: Standing at the junction of Ngong road and Langata road, the
Karen shopping centre and the Karen Crossroads Shopping Mall offer a full shopping experience. Galleria Shopping
Mall, at Bomas and The Hub, Karen Mall, a Kshs 4Bn development are other malls positioned to capture the need
for sophisticated retail experiences in the area
• Eateries: Karen is the home of a myriad of both local and international hotels, including; Hemingways Nairobi,
Tamambo Karen Bixen, Dari Restaurant, Que Pasa, Talisman Restaurant, to mention but a few
• Schools: Karen is home to international schools including; Hillcrest School, Brookhouse International School and
Banda School. Other good schools include Light Academy, St. Christophers, and Nairobi Academy
• Hospitals: Situated along Langata Road, the very modern and well equipped Karen Hospital and Nairobi Hospital
offer both in-patient and out-patient facilities
• Places Of Worship: Citam-Karen, Karen Vineyard Church, and Karen Community Church are some of the
churches within the vicinity
• Residents association: Karen Langata District Association is tasked by the residents to look after their interests.
The association liaises with the city council to monitor development and maintenance of the suburb
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II: Project Overview
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Situ Village - A new gem in Real Estate
Site Location
• The development sits on 29 acres of land bordering the expansive evergreen Ololua Forest, 5 mins from The Hemingways
Boutique Hotel and 45 minutes to the Jomo Kenyatta International Airport
SITESITE
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Site Location
Situ’s supreme location makes it the ultimate home of luxury and serenity
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Project Overview
Situ Village offers you a journey into a world of calming green in a utopian space
• Situ Village is a destination where fast paced living decelerates to a more fulfilling, contented rhythm breaking away from
the tedium of city life
• The development is nestled in the green leafy suburbs of Karen, a few minutes drive from The Hub, Karen Mall
• It is a private, exclusive gated community with 50 4 bedroom villas, each with a plinth area of 380 sqm, all en-suite,
sitting on ½ acre plots. The villa types feature two designs; The Mediterranean and The Andalusian.
• The development also boasts of 10 3-bedroomed cottages with a plinth of 221sqm
• The development will be in 3 phases;
• Phase I - 22 Villas and 10 cottages
• Phase II - 18 Villas
• Phase III - 10 Villas, clubhouse and commercial centre
• The development boasts rare features including:
• a retail centre
• cottages
• a clubhouse
• a jogging track and a hiking trail
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III. House designs
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Project Description
The Andalusian house design
• The Andalusian home designs have special features
such as:
• Long and rectangular with natural stone
walls
• Bedroom feature extended wings
• Tile roofs cover the tops of the expansive
homes
• The roof is finished in a gable style with
the form elevation being dominated by
eave lines
• Windows set within thick walls and lined
with sloping sills
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Project Description
Andalusian house living room
• The Andalusian living
room has bright appeal
with a lot of natural light
coming from the French
glazed doors opening up
to the huge classic
balconies
• The light colored tiles
and walls with classical
moulded cornices and
pelmets add to this
illusion giving a vibrant
look to the room
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Project Description
Andalusian house kitchen interiors
• The Andalusian kitchen has a
solid hardwood finish with
rich hardwood veneer joinery
and granite countertops
• The wet areas are furnished
with first quality ceramic tiles
with a colour theme to
complement the rich look of
the interior space
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Project Description
Andalusian house bedroom interiors
• The Andalusian bedroom has
a solid hardwood finish with
rich hardwood veneer joinery
and granite countertops
• The wet areas are furnished
with first quality ceramic tiles
with a colour theme to
complement the rich look of
the interior space
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Project Description
Andalusian house family room
• The Andalusian family room
on the first floor of the
house with the rest of the
bedrooms has cathedral
ceilings with sawn timber and
hardwood timber strips for
the floors
• The room with an extension
to the study has a chimney
with natural stone finish that
the family can enjoy during
chilly Sunday mornings
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Project Description
The Mediterranean house design
• Specific Features of the Mediterranean design:
• Low pitched tile roof
• Stucco siding
• Wrought-iron balconies
• Extensive outdoor living areas
• Cladded walls
• Arches over the windows and doors
• Courtyard, patio or lanai
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Project Description
Mediterranean house dining room
• The Mediterranean
dining room has a
modern yet homely feel
with wooden finishes on
a number of areas and
polished porcelain tiles
complemented by
vanished hardwood
timber cornices
• It gives the ultimate
family bonding space
during meals and other
recreational moments
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Project Description
Mediterranean house bedroom interiors
• The Mediterranean
bedroom has bright
appeal with a lot of
natural light coming in
an minimal artificial light
• The dark coloured
mahogany strips give the
floors of the room a
natural feel and look
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Project Description
Mediterranean house family room
• The Mediterranean family
room on the first floor of the
house with the rest of the
bedrooms has cathedral ceilings
with sawn timber and dark
hardwood timber strips for the
floors
IV: Investment
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Villas Pricing Structure
Flexible payment plans to suit your needs
• We are currently selling at an off-plan price of:
• Villas – Kes 80 Million
• The development will have a 25% p.a return to the investor
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All values are in Kesunless stated
Villas
Cash Plan
Instalment Plan Mortgage Plan
10% deposit
90% within 90 days
10% deposit
80% staggered over construction period
10% on completion
10% deposit
90% on completion
Pricing
73,500,000
Pricing
80,000,000
Pricing
87,500,000
Cottages Pricing Structure
Flexible payment plans to suit your needs
• We are currently selling at an off-plan price of:
• Cottages – Kes 45 Million
• The development will have a 25% p.a return to the investor
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All values are in Kes unless stated
Villas
Cash Plan
Instalment Plan Mortgage Plan
10% deposit
90% within 90 days
10% deposit
80% staggered over construction period
10% on completion
10% deposit
90% on completion
Pricing
41,500,000
Pricing
45,000,000
Pricing
49,000,000
Investment opportunity
Situ Village offers investors the pinnacle of lucrative investment opportunities
• Karen sells itself as a high-end area for rentals. Units in gated communities in Karen have average rental rates of Kes
275,000 per month, exclusive of service charge
• The total return on investment on average is about 25%, being the sum total of capital appreciation estimated at 19%
p.a , a rental yield averaging to 5.5%
All values are in Kes unless stated otherwise
Selling Price & Rental Rates Research
Size per unit SQM Capital Appreciation
450 18%
350 14%
250 24%
250 N/A
300 N/A
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Project Name Location Rental Yield Total Return
Muhugu Park 11 Kerarapon Rd 5% 23%
Dik Dik Gardens Karen Hardy 6% 20%
Tai Woods Murisho Rd 7% 31%
Pergola Villas Karen plains 4% N/A
Marula Gardens Marula Lane 5% N/A
Max
Min
Total Mean
450
250
350
24%
14%
19%
7%
4%
5.5%
31%
18%
25%
Situ Village
Luxury, greenery and calm embrace you in Situ Village
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The Grand Piazza
Marks the entrance into the elite world, where only a select few can enter…
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The Club House
With a gym, a leisure deck a rooftop lounge and a sports bar
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The Retail Centre
With convenience stores, boutique offices, clinics. and a daycare
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Q&AContact:
Email:
Cytonn Real Estate
3rd Floor, Liaison House, State House Avenue,
P. O. Box 20695 - 00200, Nairobi, Kenya
Tel: +254 (0) 20 4400420
www.cytonn.com
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